Worksheet A

Summary of U.S. Shareholder’s Pro Rata Share of Subpart F Income of a CFC (See the Worksheet A
instructions, later.) Enter the amounts on lines 1a through 62, 64, 66, and 68 in functional currency.

1 Gross foreign personal holding company income:

a Dividends, interest, royalties, rents, and annuities (section 954(c)(1)(A)
(excluding amounts described in sections 954(c)(2), (3), and (6)) 1a
b Excess of gains over losses from certain property transactions
(section 954(c)(1)(B)) 1b
c Excess of gains over losses from commodity transactions (section 954(c)(1)(C)) 1c
d Excess of foreign currency gains over foreign currency losses (section 954(c)(1)(D)) 1d
e Income equivalent to interest (section 954(c)(1)(E)) 1e
f Net income from a notional principal contract (section 954(c)(1)(F)) 1f
g Payments in lieu of dividends (section 954(c)(1)(G)) 1g
h Certain amounts received for services under personal service
contracts (see section 954(c)(1)(H)) 1h
i Certain amounts from sales of partnership interests to which the
look-through rule of section 954(c)(4) applies 1i
2 Gross foreign personal holding company income. Add lines 1a through 1i 2
3 Gross foreign base company sales income (see section 954(d)) 3
4 Gross foreign base company services income (see section 954(e)) 4
5 Gross foreign base company income. Add lines 2 through 4 5
6 Gross insurance income (see sections 953 and 954(b)(3)(C) and the instructions for lines 18 and
19) 6
7 Gross foreign base company income and gross insurance income. Add lines 5 and 6 7
8 Enter 5% of total gross income (as computed for income tax purposes) 8
9 Enter 70% of total gross income (as computed for income tax purposes) 9
10 If line 7 is less than line 8 and less than $1 million, enter -0- on this line and skip lines 11 through 19 10
11 If line 7 is more than line 9, enter total gross income (as computed for income tax purposes) 11
12 Total adjusted gross foreign base company income and insurance income (enter the greater of
line 7 or line 11) 12
13 Adjusted net foreign personal holding company income:
a Enter amount from line 2 13a
b Expenses directly related to amount on line 2 13b
c Subtract line 13b from line 13a 13c
d Related person interest expense (see section 954(b)(5)) 13d
e Other expenses allocated and apportioned to the amount on line 2
under section 954(b)(5) 13e
f Net foreign personal holding company income. Subtract the sum of
lines 13d and 13e from line 13c 13f
g Net foreign personal holding company income excluded under
high-tax exception 13g
h Subtract line 13g from line 13f 13h
14 Adjusted net foreign base company sales income:
a Enter amount from line 3 14a
b Expenses allocated and apportioned to the amount on line 3 under
section 954(b)(5) 14b
c Net foreign base company sales income. Subtract line 14b from line 14a 14c
d Net foreign base company sales income excluded under high-tax exception 14d
e Subtract line 14d from line 14c 14e
15 Adjusted net foreign base company services income:
a Enter amount from line 4 15a
b Expenses allocated and apportioned to line 4 under section 954(b)(5) 15b
c Net foreign base company services income. Subtract line 15b from line 15a 15c
d Net foreign base company services income excluded under high-tax exception 15d
e Subtract line 15d from line 15c 15e
16 Adjusted net full inclusion foreign base company income:
a Enter the excess, if any, of line 11 over line 7 16a
b Expenses allocated and apportioned under section 954(b)(5) 16b
c Net full inclusion foreign base company income. Subtract line 16b from line 16a 16c
d Net full inclusion foreign base company income excluded under high-tax exception 16d
e Subtract line 16d from line 16c 16e

-18- Instructions for Form 5471

Worksheet A

Worksheet A (continued) (See instructions.)

17 Adjusted net foreign base company income. Add lines 13h, 14e, 15e, and 16e . . . . . . 17
18 Adjusted net insurance income (other than related person insurance income):
a Enter amount from line 6 (other than related person insurance income) 18a
b Expenses allocated and apportioned to the amount on line 18a under
section 953 . . . . . . . . . . . . . . . . . . . . 18b
c Net insurance income. Subtract line 18b from line 18a . . . . . . 18c
d Net insurance income excluded under high-tax exception . . . . . 18d
e Subtract line 18d from line 18c . . . . . . . . . . . . . . . . . . . . . . . 18e
19 Adjusted net related person insurance income:
a Enter amount from line 6 that is related person insurance income . . 19a
b Expenses allocated and apportioned to the amount on line 19a under
section 953 . . . . . . . . . . . . . . . . . . . . 19b
c Net related person insurance income. Subtract line 19b from line 19a . 19c
d Net related person insurance income excluded under high-tax exception 19d
e Subtract line 19d from line 19c . . . . . . . . . . . . . . . . . . . . . . . 19e
20 International boycott income (section 952(a)(3)) . . . . . . . . . . . . . . . . . 20
21 lllegal bribes, kickbacks, and other payments (section 952(a)(4)) . . . . . . . . . . . . 21
22 Income described in section 952(a)(5) (see instructions) . . . . . . . . . . . . . . 22
23 Subpart F income before application of sections 952(b) and (c) and section 959(b). Add lines 17,
18e, 19e, and 20 through 22 . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Enter the portion of line 13h that is U.S. source income effectively
connected with a U.S. trade or business (section 952(b)) . . . . . . 24
25 Exclusions under section 959(b) that apply to line 13h amount . . . . 25
26 Section 954(c) subpart F Foreign Personal Holding Company Income. Subtract the sum of
lines 24 and 25 from line 13h . . . . . . . . . . . . . . . . . . . . . . . 26
27 Enter the portion of line 14e that is U.S. source income effectively
connected with a U.S. trade or business (section 952(b)) . . . . . . 27
28 Exclusions under section 959(b) that apply to line 14e amount . . . . 28
29 Section 954(d) subpart F Foreign Base Company Sales Income. Subtract the sum of lines 27
and 28 from line 14e. . . . . . . . . . . . . . . . . . . . . . . . . . . 29
30 Enter the portion of line 15e that is U.S. source income effectively
connected with a U.S. trade or business (section 952(b)) . . . . . . 30
31 Exclusions under section 959(b) that apply to line 15e amount . . . . 31
32 Section 954(e) subpart F Foreign Base Company Services Income. Subtract the sum of lines
30 and 31 from line 15e . . . . . . . . . . . . . . . . . . . . . . . . . 32
33 Enter the sum of the portion of lines 16e, 18e, 19e, 20, 21, and 22 that is
U.S. source income effectively connected with a U.S. trade or business
(section 952(b)) . . . . . . . . . . . . . . . . . . . 33
34 Exclusions under section 959(b) that apply to line 16e, 18e, 19e, 20, 21,
and 22 amounts . . . . . . . . . . . . . . . . . . . 34
35 Other subpart F income. Subtract the sum of lines 33 and 34 from the sum of lines 16e, 18e,
19e, 20, 21, and 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
36 Total subpart F income. Add lines 26, 29, 32, and 35 . . . . . . . . . . . . . . . 36
37 Current E&P limitation computation:
a Current E&P . . . . . . . . . . . . . . . . . . . . 37a
b Tested loss (enter as a positive number—see instructions) . . . . . 37b
c Total of line 37a and line 37b . . . . . . . . . . . . . . 37c
38 Enter the smaller of line 36 or line 37c . . . . . . . . . . . . . . . . . . . . 38

Instructions for Form 5471 (Rev. 01-2021) -19-

Worksheet A

Worksheet A (continued) (See instructions.)

39 If the amount on line 37c is less than the amount on line 36, allocate the subpart F income remaining (after having been limited)
to lines 40, 41, 42, and 43 below in the manner prescribed by Regulations section 1.952-1(e). If the amount on line 37c is
greater than or equal to the amount on line 36, enter the amount from line 26 onto line 40, enter the amount from line 29 onto
line 41, enter the amount from line 32 onto line 42, and enter the amount from line 35 onto line 43.
40 Section 954(c) subpart F Foreign Personal Holding Company Income subtotal . . . . . . . 40
41 Section 954(d) subpart F Foreign Base Company Sales Income subtotal . . . . . . . . . 41
42 Section 954(e) subpart F Foreign Base Company Services Income subtotal . . . . . . . . 42
43 Other subpart F income subtotal . . . . . . . . . . . . . . . . . . . . . . 43
44 Shareholder’s pro rata share of line 40 . . . . . . . . . . . 44
45 Shareholder’s pro rata share of export trade income that applies to line
44 amount (see section 970(a)) . . . . . . . . . . . . . . 45
46 Section 954(c) subpart F Foreign Personal Holding Company Income subtotal. Subtract line 45
from line 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
47 Shareholder’s pro rata share of line 41. . . . . . . . . . . . 47
48 Shareholder’s pro rata share of export trade income that applies to line
47 amount (see section 970(a)) . . . . . . . . . . . . . . 48
49 Section 954(d) subpart F Foreign Base Company Sales Income subtotal. Subtract line 48 from line
47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
50 Shareholder’s pro rata share of line 42 . . . . . . . . . . . 50
51 Shareholder’s pro rata share of export trade income that applies to line
50 amount (see section 970(a)) . . . . . . . . . . . . . . 51
52 Section 954(e) subpart F Foreign Base Company Services Income subtotal. Subtract line 51 from
line 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
53 Shareholder’s pro rata share of line 43 . . . . . . . . . . . 53
54 Shareholder’s pro rata share of export trade income that applies to line
53 amount (see section 970(a)) . . . . . . . . . . . . . . 54
55 Other subpart F income subtotal. Subtract line 54 from line 53 . . . . . . . . . . . . 55
56 Add lines 46, 49, 52, and 55 . . . . . . . . . . . . . . . . . . . . . . . . 56
57 Divide the number of days in the tax year that the corporation was a
CFC by the number of days in the tax year and multiply the result by
line 56 . . . . . . . . . . . . . . . . . . . . . . 57
58 Dividends paid to any other person with respect to your stock during
the tax year . . . . . . . . . . . . . . . . . . . . 58
59 Divide the number of days in the tax year you did not own such stock
by the number of days in the tax year and multiply the result by line 56 . 59
60 Enter the smaller of line 58 or line 59 . . . . . . . . . . . . 60
61 Shareholder’s pro rata share of subpart F income. Subtract line 60 from line 57 . . . . . . 61
62 Amount of line 61 that applies to section 954(c) subpart F Foreign Personal Holding Company
Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
63 Translate the amount on line 62 from functional currency to U.S. dollars at the average exchange
rate. See section 989(b). Enter the result here and on Form 5471, Schedule I, line 1e . . . . . 63
64 Amount of line 61 that applies to section 954(d) subpart F Foreign Base Company Sales Income . 64
65 Translate the amount on line 64 from functional currency to U.S. dollars at the average exchange
rate. See section 989(b). Enter the result here and on Form 5471, Schedule I, line 1f . . . . . 65
66 Amount of line 61 that applies to section 954(e) subpart F Foreign Base Company Services Income 66
67 Translate the amount on line 66 from functional currency to U.S. dollars at the average exchange
rate. See section 989(b). Enter the result here and on Form 5471, Schedule I, line 1g . . . . . 67
68 Amount of line 61 that applies to other subpart F income . . . . . . . . . . . . . . 68
69 Translate the amount on line 68 from functional currency to U.S. dollars at the average exchange
rate. See section 989(b). Enter the result here and on Form 5471, Schedule I, line 1h. . . . . . 69

-20- Instructions for Form 5471 (Rev. 01-2021)